JPMorgan Chase Commercial Bank - Operational Risk - Executive Director in Chicago, Illinois
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the worlds most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. JPMorgan Chase & Co.is committed to providing a comprehensive set of benefits choices to meet different employee needs and lifestyles, which include choices such as Flexible Work Arrangements with periodic work from home and non-standard business hours, fully paid parental leave time, health care insurance and retirement benefits.
Commercial Banking (CB) serves more than 30,000 clients, including corporations, municipalities, financial institutions, and not-for-profit entities with annual revenues generally ranging from $20 million to $2 billion. The Firm's broad platform positions the Commercial Bank to deliver extensive product capabilities - lending, treasury services, investment banking, and asset management - to meet our clients' domestic and international financial needs.
CB Operational Risk Oversight is part of an independent "second line of defense” that will proactively identify potential Operational Risks and ensure adequate controls are in place to guard against financial loss. Through collaboration with Control Contacts and Business Owners from various business areas, this role will help execute the firm’s Operational Risk management framework. This includes assessing the risk facing the business, primarily by means of reviewing: the effectiveness of the control environment; targeted risk areas; scenario analysis; loss event analysis; key risk and performance indicators; RCSAs; audit and regulatory reviews; and, emerging risks/external events.
Provide strategic leadership acrossthe CB Operational Risk Oversight Team.
Define and execute the approach to theoversight of the Operational Risk Management Framework implementation.
Provide independent, objective view ofthe Business and/or function control environment, mitigation strategies andemerging risks.
Maintain awareness of risk and controlissues within the business / function whether self-identified or from internal/external audit.
Review internal and externalOperational Risk Errors for opportunities to implement new preventive anddetective controls.
Evaluate the strengths and weaknessesof existing controls and provide business direction on opportunities forimprovement.
Undertake Targeted Risk Assessmentsacross key areas of risk.
Understand the area’s RCSA, Key Risk& Performance Indicators, and other controls to identify negative trendsand potential control gaps.
Maintain strong business relationshipswith internal clients and deliver presentations to senior audiences.
Participate in various OperationalRisk and LOB meetings related to operational risk and control matters.
Develop positive working relationshipsand act as liaison with Corporate Operational Risk (COR) in order to understandrequirements for implementation.
Foster relationships with the Controlsorganization in order to ensure effective work alignment, while maintaining adistinction between the first and second line of defense.
Participate in New Business Initiativeassessments as appropriate.
Provide support for other CB OperationalRisk Management functions as appropriate.
Bachelor’s Degree; MBA or professionalcertification preferred
Strong understanding of Operational Riskfundamentals
Wholesale business experience preferred
15+ years’ experience financial industryexperience
10+ years in Operational Risk Management orsimilar discipline of risk identification and management
Ability to collaborate with business andfunctional experts to provide risk assessment guidance, recognize risks anddesign enhancements
Ability to influence, negotiate, and leadchange
Strong decision making, analytical, andcreative thinking skills
High level of professionalism,self-motivation, and sense of urgency
Strong Teamwork and communication (written andverbal) skills
Robust organizational, project management andmulti-tasking skills with demonstrated ability to manage expectations anddeliver results
Proficiency in Microsoft Excel and PowerPoint
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.